“The holidays only come around once a year.” “They would really love this gift…it will only cost a little more.” “I’m sure that my creditors take the holidays off too, so that buys me some extra time to make a payment.” At one point, or another, we have all made these types of excuses that […]

It’s tough running a business and even tougher to keep a business profitable. Business owners throughout Michigan navigate the delicate balance of profitability on a monthly, weekly, and even daily basis. In some situations, the accumulation of business debt overcomes a business’s ability to generate income, and in that particular situation, Chapter 11 bankruptcy should be given […]

It’s a total myth that a properly executed bankruptcy cannot provide relief from an individual’s income tax liabilities. In fact, a chapter 7 bankruptcy can greatly assist with income tax problems in certain limited situations. Let’s explore below how a bankruptcy can discharge (wipe out) personal income tax liabilities in the following scenarios and situations: SOME IMPORTANT […]

Imagine receiving your next paycheck and learning that 25% of it has gone missing! Then, imagine learning that the reason for the missing money from your paycheck was because your wages are being garnished. What do you do then? Your paycheck (wages) and tax refunds can be garnished by creditors that have sought and won […]

Owning and operating a business is tough. Customer expectations coupled with their buying patterns and strong competition all have a dramatic impact on the bottom line of a business. Let’s explore in further detail how some of these factors truly impact a business: CUSTOMER BUYING PATTERNS AND CONVENIENCE The vastness of the internet means that […]

The process of working with an attorney to guide you through the bankruptcy process involves placing your trust and confidence in them. Unfortunately, not all attorneys are equally skilled in navigating the bankruptcy process and bankruptcy laws. This reality has resulted in some cases not producing the outcome that the client expects and they end […]

Are you contemplating filing bankruptcy? Or, creating a debt management plan with a credit counseling agency? Get the facts that you need to make an informed decision in our video above or contact us today by visiting https://glmpclaw.com/Contact or calling (248) 350-8220.

When we experience a crisis, it is always comforting to know that there is a way to quickly get help. However, sometimes we choose to ignore signs of a looming crisis and eventually we get caught with a problem that is much worse than anticipated and sometimes forcing us to act quickly. The signs that […]

Filing for bankruptcy is a choice that can offer a second chance for those who have found themselves in a true financial crisis. Sometimes, bankruptcy is put off by people who think they can save themselves from a truly dire financial situation. In this situation, there are some hidden costs for not filing bankruptcy. They are: […]

Recall in Part 1 that Joe is a former Florida resident who filed chapter 7 after he moved to Michigan. Under the bankruptcy code, Florida was considered to be his domicile because he lived in Florida for the 180-day period preceding the 730-day period preceding the filing of his case. The bankruptcy Code requires Joe […]